ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Panera – Fort Myers, FL – Ground Lease

9970 University Plaza Drive
Sold

SOLD PRICE: $2,337,500
CAP RATE: 4.06%

  • Panera Bread Company and its subsidiaries have 1,800+ company-owned and franchise-operated bakery-cafe locations in 45 states, DC, and Ontario
  • Located at main entrance to Gulf Coast Town Center with 1.7M square feet of retail space
  • 10% rent increases every 5 years with options to extend lease
  • 15-year ground lease with zero landlord responsibilities
  • New construction and great location with easy access from I-75
  • Florida has NO STATE INCOME TAX
  • Close proximity to Florida Gulf Coast University (11,291 students enrolled) and Southwest Florida International Airport (7.3M annual passengers)
  • Over 104,000 people, with an average household income of $85K+, within seven miles
  • There are no features available

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$2,337,500

4,322 sf

Price:

$2,337,500

Cap Rate:

4.06%

Building Size:

4,322 sf

SF Land Area:

1.24 acres +/-

Current NOI:

$95,000

Lease Type:

Ground Lease

Remaining Term:

Fifteen (15) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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